Cwm LLC Sells 641 Shares of Old Republic International Co. (NYSE:ORI)

Cwm LLC decreased its position in Old Republic International Co. (NYSE:ORI) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,320 shares of the insurance provider’s stock after selling 641 shares during the quarter. Cwm LLC’s holdings in Old Republic International were worth $188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 750 shares in the last quarter. Mather Group LLC. raised its stake in Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares during the last quarter. Innealta Capital LLC bought a new stake in Old Republic International in the second quarter worth $30,000. Covestor Ltd grew its stake in shares of Old Republic International by 23.0% in the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 362 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Old Republic International during the second quarter valued at $65,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 0.0 %

Old Republic International stock opened at $35.78 on Thursday. The firm has a 50 day moving average of $35.36 and a 200 day moving average of $32.69. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Old Republic International Co. has a 12-month low of $26.72 and a 12-month high of $36.50. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 13.92 and a beta of 0.84.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, research analysts predict that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $1.06 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s dividend payout ratio (DPR) is 41.25%.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday.

Old Republic International Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.